Full Answer
What's happening with Joby Aviation stock?
Shares of electric aircraft maker Joby Aviation surged more than 14% in its first day of trading on the New York Stock Exchange after its SPAC merger. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops.
Will Joby Aviation (RTP) stock fall more than 37 percent?
RTP stock has fallen nearly 37 percent from its peak price. Currently, no Wall Street analysts cover RTP stock. However, Joby Aviation’s forecast will depend on how steadfastly it's able to stick to its deadlines. Its first vehicle isn't expected to deploy before 2024, which is still three years out.
Is Joby Aviation a green technology startup?
Joby Aviation is one “green technology” startup that’s on the cusp of potentially transforming the way that people get around. For the past decade, Joby Aviation has been developing aircraft that are fully electric and have vertical take-off and landing capabilities.
Why did Joby Aviation’s shares surge after SPAC merger?
As commercial aviation contributes more than 2% of global carbon emissions, electric aircraft makers aim to reduce the environmental impacts of flying. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company’s SPAC merger.
Is Joby Aviation publicly traded?
Joby Aviation is now public, 12 years after JoeBen Bevirt founded the company at his ranch in the Santa Cruz mountains.
Is Joby Aviation a good long term investment?
JOBY doesn't seem like a good long-term investment, but there is a "lottery ticket" case here, and a sharply lower price or more meaningful progress could change the story.
When did Joby stock go public?
Joby Aviation debuted via a merger with SPAC Reinvent Technology Partners [RTP], the share price of which has fluctuated significantly in the run-up to its IPO on August 11. Having traded just below $10 since mid-April, the stock spiked to $10.50 on August 9.
Is Joby stock available to buy?
Joby Aviation, a Santa Cruz, California-based aerospace company, is expected to go public via a merger with a special purpose acquisition company. The SPAC, Reinvent Technology Partners, currently trades on the NYSE under the ticker symbol "RTP" and you can buy and sell it today.
How much will Joby stock be worth?
$ 4.9000CloseChgChg %$4.8200-0.0100-0.21%
Will Joby be successful?
According to the company's investor slide deck, Joby was projected to burn through $1.4 billion by year end 2024. Based on Joby's liquidity position in the above chart, Joby is likely burning ~$34 million per month. $1.4 billion/41 months between August 2021 - December 2024.
Is Joby Aviation profitable?
Electric air taxi maker Joby Aviation JOBY –6.24% managed to produce a profit in the fourth quarter even though it doesn't have any sales just yet. Shares were rising sharply Friday, but the jump has nothing to do with the earnings surprise. Joby (ticker: JOBY) stock was up 18.6% on Friday to $6.32.
Who has invested in Joby?
Joby Aviation investorsDateInvestorsAmountJan 2019Trucks Venture CapitalN/AJan 2020Intel Capital Capricorn Investment Group Baillie Gifford AME Cloud Ventures Toyota Motor Corporation Oryx Toyota Ventures JetBlue Technology Ventures$590mDec 2020Uber$75m Valuation: $3.0bFeb 2021Reinvent Technology Partners$690m6 more rows
How many shares of Joby are there?
606.46 million sharesShare Statistics Joby Aviation has 606.46 million shares outstanding.
Should I buy Joby Aviation?
Joby Aviation, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Why is Joby stock going down?
"The market has soured on pre-revenue and other risky assets recently," reports The Fly, "as the prospect of increased interest rates and persistent pandemic disruption ripples through the economy." And while Joby might have a future in the long term, Barclays fears that the stock also carries "significant risk."
How much will a Joby aircraft cost?
Joby projects that its aircraft will cost it $1.3 million apiece to build, and that in 2026 it will be able to earn back its investment in 1.3 years, on the assumption that it will keeps its aircraft pretty busy — an average of 40 flights a day, seven days a week, with an average of 2.3 passengers per flight.
Is Joby Aviation a buy right now?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Joby Aviation in the last twelve months. There are currently 3 hold rating...
How were Joby Aviation's earnings last quarter?
Joby Aviation, Inc. (NYSE:JOBY) posted its quarterly earnings results on Thursday, May, 12th. The company reported ($0.14) earnings per share (EPS)...
What price target have analysts set for JOBY?
5 equities research analysts have issued 12 month price targets for Joby Aviation's shares. Their forecasts range from $6.00 to $16.00. On average,...
Who are Joby Aviation's key executives?
Joby Aviation's management team includes the following people: Mr. Paul Cahill Sciarra , Exec. Chairman (Age 42, Pay $19.73k) ( LinkedIn Profile...
Who are some of Joby Aviation's key competitors?
Some companies that are related to Joby Aviation include Signature Aviation (BBAVY) , AeroVironment (AVAV) , Lilium (LILM) , Zanite Acquisition...
What is Joby Aviation's stock symbol?
Joby Aviation trades on the New York Stock Exchange (NYSE) under the ticker symbol "JOBY."
Who are Joby Aviation's major shareholders?
Joby Aviation's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2....
Which major investors are selling Joby Aviation stock?
JOBY stock was sold by a variety of institutional investors in the last quarter, including EDBI Pte Ltd, Cutler Group LP, CenterStar Asset Manageme...
Which major investors are buying Joby Aviation stock?
JOBY stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Renaissance Technologies LLC,...
Who is the founder of Joby?
Joby is the brainchild of inventor JoeBen Bevirt, who started the company in 2009 and operated it in relative obscurity. In 2018, Joby announced it had raised a surprising $100 million from a variety of investors, including the venture capital arms of Intel, Toyota, and JetBlue.
How many hours does a joby plane fly?
It assumes that every aircraft will fly 7 hours a day and spend 12 hours in operations — or 2,300 hours a year and 4,500 hours in operation — with an average of 2.3 passengers per trip. Joby expects each aircraft to cost $1.3 million to manufacture.
How many rotors does Joby have?
Today’s footage is the first time Joby’s vehicle has been seen in flight. The all-electric aircraft has six rotors and seats five, including the pilot.
How fast can a Joby go?
Joby says it can reach a top speed of 200 mph, travel 150 miles on a single charge, and is 100 times quieter than a conventional aircraft. The company says it aims to have a scaled-up air taxi service in operation by 2024.
Is Joby Aviation a public company?
Joby Aviation, the electric aviation company based in Northern California, is the latest futuristic mobility company to go public via a rever se merger with a special purpose acquisition company, or SPAC. To celebrate, the company is releasing the first footage of its electric aircraft in flight. Joby, which is backed by Toyota ...
Is Joby EVOL going public?
Joby isn’t the only eVTOL company to go public via SPAC. Archer Aviation, another electric flight company, plans on merging with blank-check company Atlas Crest Investment Corp, and it has said it would launch an air taxi service in Los Angeles by 2024.
About Joby Aviation
Reinvent Technology Partners entered into a definitive business combination agreement with Joby Aviation.
Joby Aviation (NYSE:JOBY) Frequently Asked Questions
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Joby Aviation in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Joby Aviation stock. View analyst ratings for Joby Aviation or view top-rated stocks.
Air taxi maker Joby's stock takes a hit after reporting aircraft test accident
News of the accident has erased much of the stock gain that Joby got earlier this week from a new partnership in Japan.
CEOs of UPST, ENTEF, JOBY and XTMIF Discuss Next Megatrends in Electric Aviation, Fintech, AI, and E-Sports
NEW YORK, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEOs of: Upstart Holdings, Inc. (NASDAQ: UPST), XTM, Inc. (OTC: XTMIF) (CSE: PAID), ESE Entertainment (TSX.V: ESE) (OTC: ENTEF), and Joby Aviation, Inc. (NYSE: JOBY).
What is Joby Aviation?
Founded in 2005 by JoeBen Bevirt, Joby Aviation has created electric vehicle technologies to help people travel safely and efficiently, while protecting the environment at the same time. Its electric, vertical take-off and landing (eVTOL) aircraft carry four passengers and a pilot.
When will RTP and Joby Aviation merge?
Joby’s press release about the merger stated that it should be completed by the end of the second quarter of 2021.
How fast can a Joby taxi go?
Article continues below advertisement. Joby’s air taxis will have a 150-plus-mile range, can reach speeds up to 200 mph, and operate with zero emissions. The company's aircraft aligns with many environmental groups’ concerns and President Biden’s goal of a zero-emission economy by 2050. Source: Joby Aviation.
Is Joby Aviation green?
Joby Aviation is one “green technology” startup that’s on the cusp of potentially transforming the way that people get around. Article continues below advertisement. For the past decade, Joby Aviation has been developing aircraft that are fully electric and have vertical take-off and landing capabilities.
About JOBY
Joby Aviation, Inc. a transportation company developing an all-electric, vertical take-off and landing aircraft that it intends to operate as a commercial passenger aircraft beginning in 2024. The company founded by Bevirt Joebenn and is headquartered in Santa Cruz, CA.
Stats
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Rating
What analysts on recommend for this stock, on a scale from 1 (buy) to 5 (sell).
RTP merger date
The vote on the approval of RTP’s merger with Joby Aviation is scheduled for Aug. 5. A favorable vote would lead to the merger happening soon thereafter. There's a 5-year lock-up agreement since Joby’s concept won't work until 2024.
Why has RTP stock fallen?
RTP stock hit its peak in February when investors were bidding up most of the growth SPACs and especially EV-related SPAC names. Then came the rotation to value from growth names as interest and inflation expectations changed. This led to a sell-off in growth-oriented names. RTP stock was also caught in that sell-off.
Joby Aviation's stock forecast
Currently, no Wall Street analysts cover RTP stock. However, Joby Aviation’s forecast will depend on how steadfastly it's able to stick to its deadlines. Its first vehicle isn't expected to deploy before 2024, which is still three years out.
Is RTP a good buy now?
Currently, RTP stock is trading at $9.9, which is lower than its listing price of $10 and 37 percent lower than its peak price of $15.7, which it reached in mid-February at height of SPAC mania. After the merger happens, the SPAC floor of $10 will be removed and we might see some selling pressure.
Is Joby Aviation expected to go up after merger?
Immediately following the merger, Joby Aviation might drop like a lot of other SPACs. The adherence to timelines would eventually lead to an up-move in the stock. Two other eVTOL companies and Joby’s closest peers are Archer and Lilium but they haven’t unveiled their prototype yet. Therefore, Joby is furthest along in the race.
